FTSE MIB index options (MIBO)

FTSE MIB index

- Opening Auction: 7.30 - 9.01 (9.01.00 - 9.01.30)

- Continuous Trading: 9.01 - 17.30

- Large-in-Scale Trade Facility (LiS): 7.30 - 18.30

European

Cash settled

Index points

€ 2.5

Strike price x Multiplier

Option premium x Multiplier

Settled in cash and paid on the Euronext Clearing open day following the trading day

• Up to 12 months: 15 strike prices with intervals of 250 index points for the nearest expiry and 500 index points for the following expiries
• Beyond 12 months: 21 strike prices with intervals of 1000 index points

Up to 7 years: i) the 2 nearest monthly expiries, ii) the 4 nearest quarterly expiries of the Mar/Jun/Sep/Dec cycle, iii) the successive 4 semi-annual expiries (Jun-Dec cycle) and iv) the successive 4 annual expiries (Dec cycle)

The third Friday of the expiry month at 9.05. If the Exchange is closed that day, the contract expires on the first trading day proceeding that day

Expiry day, until 9.05

Automatic exercise executed by Euronext Clearing on ITM options

Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3

The first open Euronext Clearing calendar day following the expiry day

The value of the FTSE MIB index, calculated using the opening auction prices of each constituent on the last trading day. If the opening auction price of any constituent has not been established by the end of the last trading day, Borsa Italiana defines the constituent price on the basis of the prices recorded in the last trading session and taking into account any other relevant objective elements available

Preconfigured strategies